Which of the Following Statement(s)is/are Correct

question 4

Multiple Choice

Which of the following statement(s) is/are correct?

• A) A related party transaction is a transfer of resources, services or obligations between related parties that is not at arm's length.
• B) The existence of a related party transaction can expose an entity to risks or opportunities that otherwise would not have existed in the absence of the relationship.
• C) Related parties include organisations that are under the control or significant influence of the entity and individuals such as key management personnel and their close family members.
• D) All of the given answers.
• E) The existence of a related party transaction can expose an entity to risks or opportunities that otherwise would not have existed in the absence of the relationship and related parties include organisations that are under the control or significant influence of the entity and individuals such as key management personnel and their close family members

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Definitions:

Apologize

The act of expressing remorse or regret for one's actions or words, often aiming to mend or improve a relationship.

Problem

A situation, question, or issue that presents difficulty, uncertainty, or challenge, requiring thought or action for resolution.

Telecommute

The practice of working remotely, typically from home, leveraging digital communication tools to perform one's job outside the traditional office environment.

Bad News

Information that is unwelcome or unpleasant to hear or read.